Have you been looking for a way to manage your investments? Wouldn’t it be handy if they were all in one place? As we embrace the digital age, why not try using an app to help overcome any challenges you may be facing when it comes to your investment portfolio?
There are a whole host of investment apps available, including ones for beginners and more experienced investors. Many of the apps offer low fees and can be tailored to suit your portfolio and needs when managing your assets to achieve your financial goals.
We’ve put together some of the best apps to help with your investments in 2021, and generate the returns you deserve.
The SoFi app has no fees and is one of the easiest platforms to use. It’s also considered the number one app for investors who are just starting out. Beginners can start investing with as little as £1 and benefit from zero commissions on trades and accounts fees. If you’re new to the investment world, SoFi offers an investment portfolio where everything is selected and managed for you. When searching for investments, the app lists all stocks and ETFs by category, so opportunities can be easily found and added to your portfolio. New to stocks and shares? SoFi will guide you to the latest investment articles straight from the app, so you can learn about the market before making any decisions.
For parents looking to teach their children a thing or two about investments, this app can provide the perfect solution. Stockpile app offers stock in the form of gift cards, which can be an excellent present for family and friends. By gifting investments to your children, you can help teach them about the stock market, the value of money, and how they can make more of it in the future. The apps mini-lessons feature is ideal for educating the family whilst stuck at home, and accounts can be created for minors should they wish to carry on investing. Unlike SoFi, this app does come with a small fee of 99p per trade, but this is a small price to pay for what could be a very profitable future.
Lastly, this app is fantastic if you want to invest in a large number of stocks, as you can take advantage of the zero commissions. Robinhood also offers a premium account for those looking to unlock more features. This still comes with a relatively low fee, starting at £5. Robinhood targets the more average investors, who have some knowledge and want to learn more about the stock market to take responsibility for their money. However, it’s important not to just rely on one source of information. Investments are risky, so be sure to do your research beforehand to avoid any losses further down the line.
Bonus tip: if you want to widen your investment portfolio, you may wish to look at property investment too. RWinvest offers extensive online guides for free, as well as a property talk podcast to help ease you into yet another avenue of assets.
Hope you enjoyed our dive into the best apps to help with your investments. If you’re not quite ready to start investing today, why not take a look at our previous post on the three best apps to help you stay on top of your money, and start saving for future investments.